Gold under pressure

Gold once again under pressure before announcement of interest rate by The Fed. The precious metal barely hold its position above $1,200 and risk a sell-off. If the price continue moving lower, it will face $1,180 support in the path down. If this support also broken, we should see gold drowning.

Today critical level to watch:

Support: $1,200, $1,184, $1,180

Resistance: $1,220, $1,237, $1,244, $1,250

Silver stick near $17.00

Silver is directionless, market is unenthusiastic on recent movement of silver. If the price closed lower today, it will aim for $16.00 support level and could move lower if it broken.

Today critical level to watch:

Support: $16.75, $16.00

Resistance: $17.00, $17.20, $17.50, $18.00, $18.50

Crude oil lower altitude

Losing $52.4 and $50.00 handle in crude oil is major disadvantage in oil trend. The price is under further threat even though it print bullish pin bar pattern after it touched $47.00. If there is no break upside today, the bear could bring the price lower.

Today critical level to watch:

Support: $48.50, $48.00, $47.00, $46.70

Resistance: $49.60, $50.00